Oil price edges lower as Trump pauses Strait of Hormuz 'Project Freedom' Trump announces he is temporarily pausing his initiative to guide ships out of the crucial waterway Evening Standard · May 6
Trump puts ‘Project Freedom’ on hold, saying he hopes to finalise a deal with Iran US president says he is pausing US effort to guide stranded vessels out of the strait of Hormuz but blockade remains The Guardian - UK · May 6
Ohio primary results set up high-stakes senate and governor races Trump’s endorsement continues to carry weight in Ohio, which favored him three times for president The Independent UK · May 6
'Project Freedom will be paused for a short period': Trump halts Hormuz operation amid Iran talks President Trump has halted 'Project Freedom,' a US military initiative to escort ships through the Strait of Hormuz, citing requests from Pakistan and progress toward a deal with Iran. This pause comes after the US declared the offensive phase of 'Operation Epic Fury' complete, emphasizing defensive actions in the region. The Times of India · May 5
Donald Trump Hints at Pushing 22nd Amendment Limits, Saying He May Still Be President in 'Nine Years' Donald Trump floated serving 'eight or nine years' as president, skirting 22nd Amendment limits while touting his fitness, pushing AI propaganda and issuing stark threats toward Iran in a whirlwind 24 hours. International Business Times UK · May 5
Trump suspends Hormuz operation, claims progress on Iran deal The operation led to an exchange of fire between the U.S. and Iran. Axios · May 5
Rubio insists US is ‘very fortunate’ as Iran war pushes gas price near $4.50 US secretary of state says US is better off than other countries hit by disruption in oil supplies The Guardian - US · May 5
The 10 British towns and cities most affected by rising energy costs The price of energy has risen since as a result of the war in Iran and the closure of the Strait of Hormuz The Independent UK · May 5
VIDEO: Trump Tells Children U.S. 'Wouldn't Be Around' If Iran Had a Nuclear Weapon Although the meeting was initially planned to approve the revival of the Presidential Physical Fitness Award, things took a wild turn when Trump began talking about the ongoing military conflict with Iran. Latin Times · May 5
After brief respite, gasoline prices continue their steady climb The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA The Independent UK · May 5
Middle East ceasefire is at risk of collapse despite Trump’s claims – here’s why IN FULL The Independent UK · May 5
S&P 500 and Nasdaq 100 Post Record Highs on Tech Strength The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.81%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.31%. June E-mini S&P futures (ESM26 ) rose +0.82%, and June E-mini Nasdaq futures... Barchart · May 5
Iran Launches Persian Gulf Strait Authority as Tehran and Washington Battle for Control of Hormuz Iran has launched the Persian Gulf Strait Authority, requiring ships to register and pay tolls to transit the Strait of Hormuz, escalating tensions with the US over control of this vital waterway. International Business Times UK · May 5
Rubio warns Iranian leadership to ‘check themselves before they wreck themselves’ IN FULL The Independent UK · May 5
The Independent UK · May 5 Trump says his ballroom will cost $400M. So why are Republicans adding $1B to spending bill? Meanwhile, Sen. Chuck Grassley’s office says the money does not explicitly go to the ballroom, although it does go to “the East Wing Modernization Project.”
International Business Times · May 5 Stocks Rise Again As Oil Drops And Companies Keep Posting Strong Results Stocks rose again on Tuesday as oil prices dropped and companies kept posting strong first quarter results.
The Conversation · May 5 ‘No fear of roaring lions’: Iran has a long history of standing firm against outside aggressors US President Donald Trump’s threats against Iran since the war began have targeted not just the country’s military capabilities, but its entire civilisation.
The Conversation · May 5 The method in Iran’s madness? Closure of Strait of Hormuz echoes a centuries-old Danish play − and is a tragedy for the world order More than two months into the war in Iran, navigation through the Strait of Hormuz – the key waterway through which more than a third of the international trade in oil and gas passes – remains perilous and uncertain. Underscoring the uncertainty, on May 3, 2026, the Trump administration launched…
The Independent UK · May 5 Marco Rubio defends Trump’s false claim that Pope Leo wants Iran to have a nuke ahead of meeting with pontiff Pontiff says ‘if someone wants to criticize me for proclaiming the Gospel, let them do so truthfully’
The Independent UK · May 5 ‘DJ’ Marco Rubio quotes a hip-hop classic to describe Iran’s leaders after Strait of Hormuz stalemate The ex-Florida senator has a history of peppering his public statements with well-known rap lyrics
Barchart · May 5 Dollar Firms as Geopolitical Risks Remain The dollar index (DXY00 ) on Tuesday rose by +0.09%. The dollar rose slightly on Tuesday after the US March trade deficit was reported to be smaller than expected. The dollar also has safe-haven support as the US-Iran ceasefire appears shaky after the US Central Command on Monday said the...
International Business Times · May 5 Trump Downplays Iran Flare Up In Strait Of Hormuz: 'I Call It a Skirmish' President Donald Trump downplayed the flare up at the Strait of Hormuz, saying it does not mean Tehran has broken the ceasefire.
Barchart · May 5 Crude Oil Prices Retreat as Middle East Tensions Ease June WTI crude oil (CLM26 ) on Tuesday closed down -4.15 (-3.90%), and June RBOB gasoline (RBM26 ) closed down -0.1176 (-3.15%). Crude oil and gasoline prices settled sharply lower on Tuesday as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices retreated as...
The Guardian - US · May 5 US-Iran truce teeters on meltdown as stalemate takes toll on each side Conflict appears to have reached impasse, but leaders in Tehran and Washington seem to think victory is near
The Independent UK · May 5 Iran issues warning of ‘crushing response’ but denies launching attack on UAE IN FULL